91–100 of 246 posts
[1] https://www.craigslist.org/about/thanks (CL tech stack) [2] http://blog.craigslist.org/2013/10/15/artist-formerly-known/
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Craig probably did some math and found out that even if he lives to 800 years old, he will not be able to spend it all so why go nuts? This way everything is manageable and he doesn't need to report to anyone.
I'm surprised that more successful people don't do this? Is the drive that lead them to absurd success what leads them to continue well beyond needing to? I find it hard to imagine hitting $10 million and not just dropping everything and spending the rest of my life on random hobbies and traveling. Maybe that's why I don't have $10 million?
Why doesn't Craigslist have mobile apps?
Craigslist is one of the best pages on the internet. It's functional, it loads fast, it doesn't have a stack built of buzzwords and bullshit. It works on every device everywhere. I mean, what business does a page have being megabytes and megabytes if it's gonna display a couple bytes of text? None. It doesn't matter if it's "technically free" these days, that's just bad design and engineering.
Forbes is unequivocally the worst website I have the displeasure of being linked to on a regular basis. Readability is quickly approaching 0. This page kept hijacking my scroll thru the article to keep an ad at the top of my window. Horrible, horrible, horrible.
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> It should be trivial to implement something that's 10 times better... What would you be optimizing for? What changes could you make that wouldn't increase the page size or slow the loading speed?
- Global / Region search - Alerts - Some kind of historical record of ads - Increased focus on listing from your mobile phone (camera)
https://www.craigslist.org/about/saved_searches_and_alerts
I think they are doing it right. Just find a niche and work at it progressively through life. No need to raise $100M D Rounds, no need to have an explosive exit, whatever. I think it would be nice to just steadily have six figures, work on something I love and live life (a la Basecamp). Most of all: Have complete control of your destiny. No investors, no bosses, etc.
I was wondering how they got that number; basically they use a $690M revenue guess from a third party, apply a valuation multiple from eBay and then multiply by the 42% Newmark owns. Craigslist is unique; it isn't entirely profit driven and as far as Alexa 1000 sites; it might have stayed closest to it's original founding philosophy. I am not sure how they make money; iirc it was only a few select markets and select…
> I was wondering how they got that number; basically they use a $690M revenue guess from a third party, apply a valuation multiple from eBay and then multiply by the 42% Newmark owns. It's not that dubious. The methodology is as simple and straightforward as it gets: > AIM's Zollman, who called his company's Craigslist revenue estimate "conservative," said the AIM Group counts up listings for each category in variou…
Newmark was an idealist; now he's a billionaire
He is likely a paper billionaire but the article didn't really prove to me he's less of an idealist not that he would sell; making that figure hypothetical.
Sure he's rich; but he could be much more so and the reason is ethics and idealism. So too me; I think saying the company is worth x; and he owns most of it fails to consider he likely wouldn't sell and has built a profitable business users love while remaining humble and ignoring greed
Edit: I know of one large anonymous donation he has made personally and I an nowhere near connected or know anyone that knows him personally
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I am not much of an investment person, but 600M for a classified site is actually pretty impressive for an old, well-established company. If they are able to maintain a high profit with low operation cost, then buyer can project more earning in the future. There is no absolute Craigslist will always make 600M a year. They may lose 10M next year or go bankrupt in ten years. So for 3B for the ten-year forecast (I don't…
I think you are assuming that I meant insane in the sense that this was not a conservative estimate. That's sort of what I said, but it's clear from context that I meant the opposite. This estimate seems far too conservative to even count as an estimate, more of a trivial lower bound.
Forbes is unequivocally the worst website I have the displeasure of being linked to on a regular basis. Readability is quickly approaching 0. This page kept hijacking my scroll thru the article to keep an ad at the top of my window. Horrible, horrible, horrible.